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Until banks get developer friendly and support OAuth, I'm not sure what else you could do if you want real time verification. I guess micro deposits could still
by ltrcola 11y ago
Until banks get developer friendly and support OAuth, I'm not sure what else you could do if you want real time verification. I guess micro deposits could still work if you had faster rails, but ACH is still a batch process.
- jgalt212 11y ago> Until banks get developer friendly and support OAuth We may wait a long time for that one.
- jslampe 11y agoNot necessarily. BBVA has already this with Dwolla's real-time payment tech, FiSync. (Limited, I know, but it's the only cool proof of concept like it out in the wild) Also, there's been a lot of work done through the Fed's remittance coalition on a supradirectory for destinations. Adding authentication capabilities would be the next logical step and they've already committed to using open standards (lots of ISO stuff to compete with though). Combined with whisperings of big bank projects and JP Morgan's CEO very vocal hatred for screen scraping, Oauth could be a powerful and quick-to-market alternative.